host: in this weekend's edition of the wall street journal, mitch mcconnell is interviewed. the headline is, we have a mandate not to raise taxes. they quote the republican senator as saying, i am not willing to raise taxes to turn out to be sequestered. -- to turn off the sequestered. - sequester. -- sequester. are you in agreement with senator mcconnell that this is not a mandate to raise taxes and if they cannot come to some kind of compromise, they should go ahead with the sequestered? guest: i have said before that i do not think raising taxes is the answer. we need to talk about cutting spending. i do not know what the answer is. on the sequester, i heard someone say this morning on cnn or fox that without a cut in spending, our gdp would be 1.3%. our economy is anemic right now. we need to do things that are necessary to get rid of these burdensome regulations and put some lower taxes -- let corporations close the tax loopholes and generate revenue that way. we need policies in place. businesses do not operate on twelvemonth plants. they operate on three, five, 10 you